DBLTX vs. DLY
DBLTX (DoubleLine Total Return Bond Fund Class I) and DLY (DoubleLine Yield Opportunities Fund) are both mutual funds - DBLTX is a Total Bond Market fund managed by DoubleLine, while DLY is a Multisector Bonds fund actively managed by DoubleLine. Over the past 5 years, DBLTX returned 0.58%/yr vs 2.06%/yr for DLY. At a 0.20 correlation, their price movements are largely independent. DBLTX charges 0.50%/yr vs 2.91%/yr for DLY.
Performance
DBLTX vs. DLY - Performance Comparison
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Returns By Period
In the year-to-date period, DBLTX achieves a -0.10% return, which is significantly higher than DLY's -0.45% return.
DBLTX
- 1D
- -0.11%
- 1M
- -0.06%
- YTD
- -0.10%
- 6M
- 0.11%
- 1Y
- 4.57%
- 3Y*
- 4.50%
- 5Y*
- 0.58%
- 10Y*
- 1.77%
DLY
- 1D
- -0.07%
- 1M
- -1.30%
- YTD
- -0.45%
- 6M
- 0.01%
- 1Y
- -2.61%
- 3Y*
- 9.13%
- 5Y*
- 2.06%
- 10Y*
- —
DBLTX vs. DLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DBLTX DoubleLine Total Return Bond Fund Class I | -0.10% | 8.05% | 3.08% | 5.34% | -12.56% | 0.24% | 1.55% |
DLY DoubleLine Yield Opportunities Fund | -0.45% | 0.63% | 16.29% | 25.48% | -23.08% | 8.56% | -3.06% |
Correlation
The correlation between DBLTX and DLY is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2020 | 0.20 |
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Return for Risk
DBLTX vs. DLY — Risk / Return Rank
DBLTX
DLY
DBLTX vs. DLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Total Return Bond Fund Class I (DBLTX) and DoubleLine Yield Opportunities Fund (DLY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| DBLTX | DLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.95 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | -0.30 | +1.98 |
| Martin ratioReturn relative to average drawdown | 5.09 | -0.77 | +5.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DBLTX | DLY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | -0.32 | +1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.15 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.18 | +0.73 |
Drawdowns
DBLTX vs. DLY - Drawdown Comparison
The maximum DBLTX drawdown since its inception was -16.49%, smaller than the maximum DLY drawdown of -28.61%. Use the drawdown chart below to compare losses from any high point for DBLTX and DLY.
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Drawdown Indicators
| DBLTX | DLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.49% | -28.61% | +12.12% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -8.74% | +5.57% |
Max Drawdown (3Y)Largest decline over 3 years | -6.59% | -10.81% | +4.22% |
Max Drawdown (5Y)Largest decline over 5 years | -16.49% | -28.61% | +12.12% |
Max Drawdown (10Y)Largest decline over 10 years | -16.49% | — | — |
Current DrawdownCurrent decline from peak | -2.11% | -4.55% | +2.44% |
Average DrawdownAverage peak-to-trough decline | -2.38% | -7.82% | +5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 3.41% | -2.37% |
Volatility
DBLTX vs. DLY - Volatility Comparison
The current volatility for DoubleLine Total Return Bond Fund Class I (DBLTX) is 1.34%, while DoubleLine Yield Opportunities Fund (DLY) has a volatility of 1.92%. This indicates that DBLTX experiences smaller price fluctuations and is considered to be less risky than DLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBLTX | DLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 1.92% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 6.85% | -4.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 8.09% | -4.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.60% | 13.57% | -7.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.40% | 15.05% | -10.65% |
DBLTX vs. DLY - Expense Ratio Comparison
DBLTX has a 0.50% expense ratio, which is lower than DLY's 2.91% expense ratio.
Dividends
DBLTX vs. DLY - Dividend Comparison
DBLTX's dividend yield for the trailing twelve months is around 4.89%, less than DLY's 10.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBLTX DoubleLine Total Return Bond Fund Class I | 4.89% | 4.86% | 5.03% | 4.35% | 3.86% | 3.12% | 3.39% | 3.66% | 3.74% | 3.65% | 3.72% | 4.11% |
DLY DoubleLine Yield Opportunities Fund | 10.07% | 9.63% | 8.85% | 9.84% | 10.67% | 7.49% | 5.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DBLTX and DLY have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLY has higher volatility (1.92%) compared to DBLTX (1.34%). In terms of maximum drawdown, DBLTX dropped -16.49% vs DLY's -28.61%.
DBLTX currently has the higher Sharpe Ratio (1.38 vs -0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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